Socalman3 Wrote:
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> TGJB Wrote:
> --------------------------------------------------
> -----
> > Re 3), Damon Runyon taught at your law school?
>
> No, but Marvin Chirelstein did. Chirelstein was a
> tax law professor and a horseplayer. If he were
> alive today and was available to testify before
> Congress about this particular tax provision he
> would fricassee any proponent of this provision.
> There are only two possible policy explanations
> for this tax provision and any tax professional
> would agree: (a) it is a political hit job by one
> faction against another faction or (b) sin tax
> theory. There is no bona fide economic theory to
> justify this tax.

Left out the important part, Chirelstein quoted Damon Runyon in our law school class. I learned the quote in that context, but Chirelstein did not take credit for Runyon's quote - pretty sure he gave the cite.